Toronto's real estate market saw a 1.7% increase in home sales last month with 5,039 transactions, while new listings dropped 16.7% to 14,442, tightening supply. The average selling price fell 6.7% year-over-year to about $1.02 million but was slightly higher than the previous month. Market conditions suggest prices may stabilize if supply remains tight. Concerns remain over housing supply shortages and the need for more "missing middle" homes.
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